PageGroup (LON:PAGE) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

PageGroup plc (LON:PAGE)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 176.83 and traded as low as GBX 136.80. PageGroup shares last traded at GBX 138.33, with a volume of 784,617 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut their price target on shares of PageGroup from GBX 215 to GBX 145 and set a “hold” rating on the stock in a report on Friday, March 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 272.50.

PageGroup Trading Down 1.1%

The company has a quick ratio of 1.77, a current ratio of 1.47 and a debt-to-equity ratio of 61.62. The firm has a 50 day moving average of GBX 174.38 and a 200 day moving average of GBX 211.10. The firm has a market cap of £422.51 million, a PE ratio of 36.44, a P/E/G ratio of 0.98 and a beta of 0.89.

PageGroup (LON:PAGE) last released its earnings results on Thursday, March 5th. The company reported GBX 2.90 earnings per share (EPS) for the quarter. PageGroup had a return on equity of 4.18% and a net margin of 0.56%. Equities analysts anticipate that PageGroup plc will post 23.5923567 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Ben Stevens acquired 71,583 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average price of GBX 140 per share, with a total value of £100,216.20. Also, insider Kelvin Stagg sold 23,778 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of GBX 145, for a total value of £34,478.10. In the last 90 days, insiders sold 117,579 shares of company stock valued at $17,142,756. 1.10% of the stock is owned by insiders.

About PageGroup

PageGroup Changes Lives…

That’s our PageGroup Purpose, delivered by c.7,300 people in 36 countries, with a gross profit of over £842.6m in 2024. Our four core ?PageGroup brands?are supported by specialised recruitment teams operating across 25 disciplines.

As a FTSE 250 company, a lot has changed since we were set up in 1976 and the Group continues to grow and evolve. What hasn’t changed is our commitment to the success of our clients and candidates, and our own people.

PageGroup’s strategy is geared for the long-term.